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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 04, 1925
Page
10
Chicago markets react to reports that Illinois wheat suffered severe freeze damage, with futures and cash prices moving higher. Trade notes widespread destruction over Bloomington area, with other analyses awaiting harvest results. corn and oats also shift on crop sentiments.
New York stock trading June 3 shows motor shares leading gains with the Maxwell issues creating session fireworks. Hudson Motors climbs on dividend rumors while International Combustion Engineering tops previous highs and Inter national Telephone Virginia Railway and Power Pacific Gas and Electric reach new highs amid broad strength and easing call money rates.
Irregular opening gives way to strength in many specials while pivotal leaders stay scarce. Nash rises to 445, up 200 points in two months as Missouri Pacific and Frisco rails show accumulation. Ford plans snow motors and Pittsburg finance aided by new down payment options. Grain Cherokee wheat and corn drift with rain and support from commission houses.
AP dispatch from Chicago reports potato receipts for new and old stock totaling 58 and 36 cars respectively, with United States shipments at 368 new and 329 old cars. Market described as fairly trading with weak demand. North Carolina barrel Irish Cobbiere priced at 6.40 to 6.60 depending on quality and condition.
Sugar futures closed easy in New York with about 23 000 tons sold. July at 2.70 cents, September toward December 2.88 cents, and January noted. Improved factory ventilation in India reduced unrest among workers previously reported.
Westark Chicago market report shows hog receipts near £6,000 with higher prices for heavier types and weaker for light weights. Cattle receipts around 10,000 with fed steers and yearlings up modestly, dry lot feeding limited, well finished heavies in demand, prices for large steers up to $11.50 per hundredweight.
Hogs receipts about 16 000 with prices mostly steady to strong and top around 12. Cattle receipts 7 800 with choice fed yearlings and steers strong, bulk around 9 to 10 1/2. Sheep receipts 8 000 with fat lambs 25 cents lower, natives mostly 14 1/2 to 15 15.25, yearlings down about 25 cents.
Denver reports 1,000 hog receipts with steady drive‑in prices up to 11.85 and 11.80 for various weights, cattle receipts reach 400 with steers and yearlings steady to strong, calves and fat cattle mixed, vealers at 10, while sheep lambs run sharply lower with Idaho lambs noted and few sales early.
Sioux City (June 3) reports 2,700 cattle receipts with active market and higher stockers. Prices include fat steers and yearlings near $7.12 to $9.10, cows $5.10 to $10.50, veals $5.10, bulls $4.50 to $7, feeders $6.25, stockers $4.50 to $6.75. St Paul (June 3) notes 2,300 fed steers and yearlings steady, top yearlings $10.50, bulk $9.10, calves $9 to $9.25, hogs receipts 9,500 with a $0.10 rise to about $12.10, sheep and fat lambs a touch lower.
The notes reference steady mixed collateral with maturities 60 to 90 days and four to six months. Interest rates listed include 3 percent and 4 percent, plus mentions of prime commercial paper at 3 and 4 percent.
Copper quiet. Tin easy with spot at 54.87 cents and futures 54.75. Iron irregular No 1 northern 20.20 to 20.50 dollars. Lead steady spot 8.40 to 8.75 cents. Zinc easy East St Louis spot and futures 7 cents. Antimony spot 16.50 cents.
London trading closes with spot and futures for copper tin and lead. Spot prices list Standard copper at £60 2s 6d, Electrolytic £65 6s, Tin £249 17s 6d, Lead £33 10s, with corresponding futures and a stray entry for eno.
In New York on June 3 bar silver quoted at 68 and Mexican dollars at 53. In London on June 3 bar silver reached 31 13 16d per ounce and money money market at 3 percent.
Foreign exchanges remained firm in New York with quotes in cents. Great Britain demand 4.85, cables 4.86, 60 day bills 4.81. France 4.97, Italy 4.04, Belgium 4.83, Germany 23.80.
June 3 Los Angeles market shows cattle receipts about 300 with grass steers at 7.50 to 8.40 and cows 6.50 to 6.85, hogs 1,400 with butchers 13.15 to 13.50 and sows 11.25, calves 5 to 11.50, sheep with lambs 12.50 to 13.50 and ewes 4 to 5.50.
Portland reports cattle receipts 145 with steady markets and sheep receipts 670 also steady. Spokane notes include cattle 225 steady and hogs 201 steady with price ranges from 9 50 to 12 25 for good to choice cattle and 10 to 10 75 for fat pigs.
Call money remained easier with rates around 4 percent for high and 3 percent for low, the ruling rate at 4 percent. Closing bids stood at 3 percent and last loans at 3 percent with call loans against acceptances noted at 349. Time loans appeared indicated.
A Paris river mystery is solved as investigators confirm fish live in the Seine. The catch, though small about an inch, is reportedly kept in sardine cans after being hooked by anglers along the embankments, validating the long observed but unseen inhabitants.
Washington secretary Work announced an $80,000 annual payroll reduction in the power bureau over the last 12 months. The cut came from redistributing workloads and eliminating several positions.
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